Property Details

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Exploration is focused on the discovery of large, high grade, unconformity related uranium deposits in the Thelon sandstone basin environment that represents a setting that is analogous to the prolific mineralized Athabasca sandstone basin environment in Saskatchewan.

The Garry Lake land package covers the interpreted up-ice terminus of a high-grade uraniferous boulder train defined by another exploration company in the early 1980's. Kidd Creek Minerals made the discovery of 19 uraniferous boulders that define a 3 kilometer long dispersal train. The 19 uraniferous boulders yielded assays ranging from 0.87% U₃O₈ to 27.12% U₃O₈ with an average of 7.19% U₃O₈. The elemental signature of individual mineralized boulders is U-Pb-Se-Te-Ag-Cu-As-S. The surface mineralization is hosted in basement metasedimentary rocks belonging to the lower Proterozoic Amer Group, near overlying coarse-grained clastic sedimentary rocks of the Thelon Formation.   This polymetallic elemental signature along with the carbonate gangue and clay alteration composition of the boulders indicates that this mineralization may belong to the fracture-controlled basement hosted unconformity-related uranium deposit type.

In the spring and summer of 2007, the Corporation completed two airborne geophysical surveys and compiled a GIS database on the Garry Lake property in preparation for conducting a diamond drill program on a number of prospective EM conductive targets in the summer of 2008. In May 2008, the Corporation mobilized a 20-man camp and Boyles A25 diamond drill and equipment to its Garry Lake uranium project. Pending approval of its land use permit (LUP) application, the Corporation had planned to carry out a 4 to 6 hole diamond drill program in July and August 2008 to test four (4) anomalous conductive geophysical which are supported and coincidence with other historical surface geochemical anomalies.

Table 3: Garry Lake Uranium Project: Historical Exploration Summary